CHARLOTTE, N.C.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), the largest middle market lender in the United States, announced today the promotion of Suzanne Morrison to division manager of its Commercial Banking Carolinas Division. Anchored in Charlotte, the Carolinas Division serves the finance needs of middle market companies with annual revenues of $20 million and above.
A 22-year financial services industry veteran, Morrison most recently served as the regional vice president for the Charlotte West Regional Commercial Banking Office (RCBO). In her new role, Morrison will oversee commercial bank operations throughout the Carolinas where the company has nine regional and satellite offices. Morrison succeeds longtime commercial banker, Stan Gibson, who is retiring September 30. This marks a return to Charlotte for the home base for the Carolinas Division of Commercial Banking, which was most recently located in Charleston, S.C., where Gibson was based.
Morrison began her finance career in 1993 as a commercial banking relationship manager at Wachovia Bank, N.A. in Winston Salem, N.C. She also has spent time both in the private sector and other areas of the bank. In 2010, she joined Wells Fargo’s Commercial banking team as a relationship manager and earned a promotion in 2012 to lead the Charlotte Metro West RCBO. During her tenure as regional vice president, that office saw double-digit growth throughout the portfolio.
“Suzanne is a seasoned financial professional with deep roots in the Carolinas and a strong background in credit lending, investment banking, and corporate banking – all key partner businesses that serve middle market companies,” said John Manning, head of Wells Fargo Commercial Banking’s East Region. “Her leadership will be invaluable in helping middle-market companies succeed financially throughout the region.”
Morrison holds a bachelor’s degree in business and finance from The University of North Carolina at Chapel Hill and is a Chartered Financial Analyst. She serves on the boards of the Charlotte Regional Partnership, the British American Business Council and Communities in Schools.
About Wells Fargo Commercial Banking
With more than 140 offices in 38 states and three Canadian provinces, Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth. Expertise and services are available to specialty industries, including life sciences, technology, food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Wells Fargo has the highest market share of middle-market company relationships in the U.S., according to the 2013 TNS Commercial Banking Momentum Monitor. Winner of the 2015 TNS Choice Awards, Wells Fargo is the No. 1 preferred bank by companies in the U.S. with annual sales of $50 million to $2 billion.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
